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ParkNShop Buyout Valued at up to USD 4 billion

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August 29, 2013

This week’s buyout deal of the week in the news is the USD 3 to 4 billion auction underway for ParknShop, owned by Hutchison Whampoa and controlled Li Ka-shing, one wealthies men in Asia, according to Reuters. The auction  has received at least seven offers for the Hong Kong supermarkets business.

 

Hutchison is seeking a price of between USD 3 to 4 billion for the business, which operates 345 stores in Hong Kong, mainland China and Macau. The price may be too high for private equity teams from KKR and TPG, who are rumored to be bidding, according to another article on Reuters.

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